Brokerage accounts allow investors to buy and sell numerous types of investments. When opening a brokerage account, investors have two main options: a cash account or a margin account. The difference between them is how and when you pay for your investments.As the name suggests, when you buy securities with a cash account, you must do so using cash, paying for the purchase in full. If you want to
Ladies and Gentlemen: This will be the first of a series of comments by the undersigned in conjunction with FINRA's request for comments, as set forth in FINRA Notice 25-04.FINRA's focus, concerning the updating and modernization of its rules, is on:Capital Formation. Key areas where its rules or related regulatory requirements may affect or create unnecessary challenges for
Neutral Corner - February 2007
I am Dan Sibears and I currently serve as Executive Vice President, Member Regulation Programs for the Financial Industry Regulatory Authority, or FINRA®. On behalf of FINRA, I would like to thank you for the opportunity to testify today.
SUGGESTED ROUTING
Senior Management
Internal Audit
Legal & Compliance
Operations
Trading
Executive Summary
The Department of the Treasury's (Treasury) amendments to the Bank Secrecy Act (BSA), which facilitate tracing funds through the funds transmittal process, became effective May 28, 1996. For transmittals of funds of $3,000 or more, broker/dealers are
Talking about money issues can be stressful. Talking about them while a service member is deployed to a remote location can be more so.
IMPORTANT
PLEASE DIRECT THIS NOTICE TO ALL SALES, COMPLIANCE AND CREDIT
TO: All NASD Members and Other Interested Persons
In Notice to Members 84-69, dated December 18, 1984, the NASD apprised the membership that the Comptroller of the Currency had issued notices concerning certain direct obligations that either may be worthless or have not been honored by a number of offshore bank licenses
I am alarmed and disturbed by the prospect of FINRA regulating investments by blocking or impeding investors' access to them.
Hedging and leveraging with exchange-traded funds are cornerstones of my personal investment strategy. I can't afford to and don't want to invest in the futures market directly, and I don't think options offer a good risk-reward profile
I strongly oppose regulators determining which investments are the correct ones for me and my family.
Our industry needs to focus more time and effort on educating the general public and engaging with younger demographics K-12 students to help develop financial literacy programs at a younger age.
Investments should be available to everyone, not just the wealthy or privileged. If regulators are
Any data that is communicated publicly should be communicated in the most efficient manner possible. In a industry where data is considered to be so valuable that firms were willing to spend millions of dollars to have their fiber optic cable runs as close as physically possible to the exchanges so they could get a timing advantage, the short interest report being collected only a twice a month
